Jack Dorsey sure kept a lot of stake in his company after handing the reigns over to people who would never understand how to run it
TBH he even started a concurrent of it, so he probably expected Twitter to lose value
He created BlueSky as a side project because he knew he could off-load it at an obscene markup onto another group of sucker investors, kind of like how he did with Twitter. But Twitter was the system with all the end-users. That system should have been free to just print money indefinitely without any effort by the buyer.
Oops.
Oracle:
One
Rich
Asshole
Called
Larry
Ellison
Fucker sent out an email to literally every employee bragging about buying his Hawaiian island when he did it.
You're getting pretty close to anthropomorphising Larry Ellison there.
Hahahaha
That was just the cost to buy a propaganda machine with over half a billions users.
The people in question will hardly even notice. But turning one of the most prominent social media sites in the world into a far right propaganda spout will make it well worth to them.
Is this real money or just "valuation" money?
As r/wallstreetbets will tell you, it's only a loss once you sell, so just hold onto the stock forever and it doesn't count.
All jokes aside, the platform formerly known as Twitter's revenue has collapsed recently, so these investors won't be seeing anywhere near the return on their investment that they should be seeing. This will sting.
Where did that money go? Now it's just in the hands of some other rich dickheads.
To the people owning Twitter stocks. So a lot of rich dickheads but also to some non rich dickheads and actually good people.
Twitter stocks are no longer traded and all the past investors have been paid the meme price or $54.69 or something like that. They all won the lottery as that was an extremely overvalued price
Unfortunately, the "lost" money is an hypothetical calculation using the current Xitter value and the massive debt that the rat did to purchase Twitter. It's something like wondering "how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?"
Saudi wasn't investing billions in a social media platform.
Saudi was spending billions to have a social media platform killed.
You can say a lot of bad things about Mush, but he's not a cheap whore
I mean he is.
No matter how you cut it he lost money and it's still losing money as market share reduces and so does ad revenue.
Meh, those people will write it down and use it to offset any other taxes they need to pay.
Sometimes you get what comes around and sometimes you are what comes around.
Well it depends on what they were actually buying. Probably not Twitter.
Hmm I wonder if he bought his crypto via binance
I hope so, they're super crooked even for a crypto company.
